A year after Grexit scare, Greece faces Brexit fallout

Share this:

One of the EU’s most fragile economies is bracing for fallout from Britain’s referendum. Greece has become ground zero for the EU’s experiments – from austerity to refugee distribution.

There has been little sympathy for the EU in a country that is constantly faced with the effects of its policies – from a six-year economic crisis to an unresolved refugee crisis. Despite this, the news that Britain has chosen to exit the European Union was largely met with stunned surprise in Greece.

There were storms across the United Kingdom on Thursday, but in Athens a warm summer’s night saw in the results of the referendum. In the end, the Brexit succeeded where a threatened Grexit had not. It was just under a year ago that Greece held an ill-fated referendum against EU austerity policies, and the reaction in Athens to the looming Brexit has been mixed.

Some Greeks feel that Brits were right to make a break for independence from the European Union.Others are more cautious. They feel that Britain has taken an unnecessary gamble: The European Union may be flawed, but it still beats the alternative, and the predicted domino effect from the Brexit may well have a negative impact on the economy of Greece – a country that is in no position to suffer any further blows.

Help support the Globe

The Sofia Globe team can testify that upholding the globe is reminiscent of the work of Atlas. Please support us in continuing to offer - as we set out to do when we launched in June 2012 - journalism that is truly independent and informed. All donations are gratefully received as we put in place our plans to grow in the years ahead.

Sign up for The Sofia Globe bulletin

Please leave this field empty

Email *

Your name

Check your inbox or spam folder to confirm your subscription.

About Us: The Sofia Globe

The Sofia Globe provides news, features, insight and analysis about Bulgaria, Central and Eastern Europe and the wider world according to the high professional standards of independence and objectivity that we have set ourselves in our Editorial Charter. Read more about us.

Contacts For editorial, advertising and general inquiries, please e-mail editor@sofiaglobe.com